50 PIPS a Day Forex Trading Strategy 😵

50 pips a day forex trading strategy. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE This forex day trading strategy is all about making 50 pips a day – okay this is not guaranteed in real life but its very systematic; its either making 50 pips or nothing. The theory behind this trading strategy is as follows. We have money flowing round the world with the currency markets 7 days a week; we get the London session, the European, USA session and the Asian session and then they start all over again. The theory of this system is that as any of these sessions open we trade the currency pair that is dominant; so for the London session open we trade the GBP/USD and when the Asian session opens we trade the USD/JPY..etc Its a bit ambigous sometimes what the time of the open is. In this strategy we take the first hour’s range of whichever market we’re looking at. The theory is I go long when I break above and go short when I break below. This is a very systematic strategy that has potential.

20 COMMENTS

Your strategy either works long term or it doesn't. If this 50 pips a day worked 60% of the time with just a 1:1 profit/loss ratio you'd make a lot of money in the long run and wouldn't need to change anything. Making money in Forex is about finding a trading system that works and doing it over and over again with exact objective criteria. No changes unless strategy doesn't work long term.

This is a viable strategy. Just be sure to establish a clear Stop Loss, Take Profit, and move to Break Even once it reaches a comfortable and established point in your direction. Doing this consistently will make almost any trading strategy profitable. If anyone is seeking advice, read Trading in the Zone by Mark Douglas. It is the Bible of trading, especially when referring to emotions. If you haven't traded before, don't take any strategy and use it. No strategy will guarantee winning every time. It's all risk management and managing your losses. You have to re-word the word "loss" as a "cost" of doing business.

I like to see you dive into more trend based systems that aim to buy into retrancements and sell out at predetermined extensions. Vicker Sparandeo has down some very compelling research into defining a trend, namely that it does not violate any prior recent low fractals, and we see this alot low fractals hold remarkably well as support especially on the 2nd and 3rd impulse waves going higher.